Share Market Highlights- Nifty settles below 19700, Sensex dips 30 pts; Bank Nifty below 45850, Bajaj Auto falls, Tata Steel gains

Share Market Highlights: Nifty settles below 19700, Sensex dips 30 pts; Bank Nifty below 45850, Bajaj Auto falls, Tata Steel gains

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Tuesday’s session flat. The NSE Nifty 50 rose 8.25 points or 0.04% to close at 19,680.60 while BSE Sensex dipped 29.07 points or 0.04% to 66,355.71. In sectoral indices, Bank Nifty fell 78.05 points or 0.17% to 45,845, Nifty FMCG tumbled 0.86% and Nifty PSU Bank tanked 1.46% while Nifty Auto soared 0.95%, Nifty Metal surged 2.94% and Nifty Pharma gained 0.36%. The top gainers on Nifty 50 were Hindalco, JSW Steel, Tata Steel, UltraTech Cement and NTPC while the losers were Asian Paints, ITC, Larsen & Toubro, Britannia and Kotak Bank.Live Updates

Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights

16:27 (IST) 25 Jul 2023 Where is share market headed after Nifty ends below 19690, Bank Nifty below 45850

Benchmark indices NSE Nifty 50 and BSE Sensex ended Tuesday’s session on a flat note. The Nifty 50 rose marginally by 0.04% or 8.25 points to close at 19,680.60 while the Sensex dipped 29.07 points or 0.04% to settle at 66,355.71. In sectoral indices, Nifty Bank fell 0.17%, Nifty FMCG slipped 0.86%, Nifty IT fell 0.28%, and Nifty PSU Bank slipped 1.46% while Nifty Auto gained 0.95%, Nifty Pharma rose 0.36%, Nifty Media jumped 1.51% Nifty Metal soared 2.94%.

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15:39 (IST) 25 Jul 2023 Nifty, Sensex end flat

The NSE Nifty 50 was up 8.25 points or 0.04% to 19,680.60 while BSE Sensex was down 29.07 points or 0.04% to 66,355.71.

15:04 (IST) 25 Jul 2023 Bajaj Auto stock falls 1% today after Q1 results announcement; Net-profit jumps 42% to Rs 1,665 crore on-year

Bajaj Auto share price fell 1% to Rs 4,831 today after the company announced its Q1 results. The company’s standalone net profit rose 42% on-year to Rs 1,665 crore for the quarter ended June 2023 compared to Rs 1,173 crore in the year-ago period. Revenue from operations jumped 29% to Rs 10,310 crore in the first quarter, compared with Rs 8,005 crore in the same quarter of last year. Bajaj Auto shares have gained nearly 5% in the last one month and over 20% in the past one year.

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14:25 (IST) 25 Jul 2023 Ashok Leyland stock rating ‘Buy’: Axis Securities raised price target, with 15% upside; cites positive outlook

Axis Securities has reiterated its ‘BUY’ rating on Indian commercial vehicles company Ashok Leyland (AL) following the company’s strong performance in the first quarter of fiscal year 2024 (Q1FY24). The report highlights that Ashok Leyland’s results for the quarter exceeded estimates, driven by robust gross margins and the positive industry outlook for the commercial vehicles (CV) sector. Based on its financial analysis, Axis Securities maintains a ‘BUY’ rating on Ashok Leyland with a revised target price of Rs 210 per share, implying an upside potential of 15% from the current market price.

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14:21 (IST) 25 Jul 2023 Stocks at 52-Week Lows

Alternatively, 17 stocks including SRF, UPL, Campus Activewear, Pavna Industries, Ata, Valves, SEL Manufacturing, Lexus Granito (India), Power & Instrumentation (Gujarat) and Fiberweb are at 52 week lows.

14:21 (IST) 25 Jul 2023 Stocks at 52-Week Highs

On the NSE Nifty, 153 stocks hit their 52 week highs including Wendt (India), Dr. Reddy’s Laboratories, Linde India, Power Mech Projects, Alkem Laboratories, AstraZeneca Pharma India, Apar Industries, Supreme Industries, Kovai Medical Center and Hospital, Nilkamal, Inox Wind Energy, Krishna Institute of Medical Sciences, Mazagon Dock Shipbuilders, Colgate Palmolive (India), Kaynes Technology India, Grasim Industries, Sarda Energy & Minerals, Endurance Technologies, KDDL, C.E. Info Systems, APL Apollo Tubes, Goodyear India, IndusInd Bank, TVS Motor Company, Venus Pipes & Tubes, Thangamayil Jewellery, Sun Pharmaceutical Industries, Oberoi Realty, RPG Life Sciences, GNA Axles, Premier Explosives, Can Fin Homes, Spandana Sphoorty Financial, Glenmark Pharmaceuticals, Apollo Pipes, M K Proteins, CARE Ratings, Eris Lifesciences, Shakti Pumps (India), Cochin Shipyard, PNB Housing Finance, Action Construction Equipment, AGI Greenpac, Gravita India, KEC International, Aarti Drugs, Tata Motors, S.J.S. Enterprises, D P Wires, Zydus Lifesciences, Nippon India ETF Nifty Infrastructure BeES, Hindware Home Innovation, ION Exchange (India), Kalpataru Projects International, IIFL Finance, Ramkrishna Forgings, VA Tech Wabag.

14:20 (IST) 25 Jul 2023 Nifty 50 Gainers and Losers

On the NSE Nifty index, the top winners are Tata Steel, JSW Steel, UltraTech Cement, NTPC and Hindalco, with Tata Steel up 2.6%. The biggest laggards are ITC, Asian Paints, Britannia, SBI, Axis Bank, with ITC down 2.94%.

14:20 (IST) 25 Jul 2023 Voulme Gainers

Kiri Industries, Universus Photo Imagings, BPL, 5Paisa Capital, Aarti Surfactants, Alicon Castalloy, JK Paper, Country Condo’s, TCPL Packaging, Kriti Nutrients, Nilkamal, Varroc Engineering are among the volume gainers on the NSE.

12:36 (IST) 25 Jul 2023 Yes Bank stock rating ‘Sell’: ICICI Securities downgrades Yes Bank shares, keeps target price unchanged

ICICI Securities has downgraded Yes Bank stock to ‘Sell’ from ‘Reduce’ with an unchanged target price of Rs 14, expressing concerns over the bank’s weak fiscal first-quarter results and ongoing pressure on its core profitability. ICICI Securities, in a research note, highlighted multiple factors contributing to the downgrade, including muted business growth, a sequential decline in Net Interest Margin (NIM), an increase in slippages and net Non-Performing Assets (NPAs), as well as a drop in Provision Coverage Ratio (PCR).

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12:34 (IST) 25 Jul 2023 ITC shares extend losses, tank 3% today after hotel biz demerger announcement

ITC share price tanked 3.17% to Rs 455.95 today, extending the previous session’s losses after the company said that it would demerge its hotel business, separating it from its cigarettes and food businesses. ITC will incorporate the wholly-owned subsidiary ITC Hotels Ltd, if the board approves the demerger during its meeting on August 14. After the demerger announcement on Monday, the company’s stock fell 4%. Meanwhile, ITC stock has gained 3% in the last one month and over 50% in the past one year. Jefferies, JM Financial and Motilal Oswal recommended a ‘Buy’ call on the ITC stock.

Should you buy, sell ITC stock?

10:16 (IST) 25 Jul 2023 TVS Motor stock jumps 3% today after strong Q1 results

TVS Motor share price jumped 2.8% to Rs 1,343.95 today after the company reported 46% growth in its standalone net profit at Rs 468 crore for the quarter ended June. Revenue from operations during the quarter rose 20% on-year to Rs 7,218 crore. Nuvama and HDFC Securities recommended a ‘Buy’ call on the TVS Motor Company stock while Motilal Oswal and Antique Stock Broking recommended a ‘Neutral’ and ‘Hold’ rating, respectively. TVS Motor shares have gained 2% in the last one month and over 50% in the past one year.

Should you buy, sell or hold TVS Motor shares?

09:23 (IST) 25 Jul 2023 Nifty, Sensex open flat

The NSE Nifty 50 rose 15.45 points or 0.08% to 19,687.80 and BSE Sensex gained 48.82 points or 0.07% to 66,433.60

08:32 (IST) 25 Jul 2023 US indices end in green

The US indices ended the overnight session in green – Dow Jones Industrial Average (DJIA) jumped 0.52%, S&P 500 gained 0.4% and the tech-heavy Nasdaq rose 0.19%.

08:32 (IST) 25 Jul 2023 Asian markets trade mostly in green

Asian markets were trading mostly in green – China’s Shanghai Composite Index jumped 1.45%, South Korea’s KOSPI gained 0.17%, Hong Kong’s Hang Seng surged 3% and Asia Dow rose 0.72% while Japan’s Nikkei 225 fell 0.27%.

08:32 (IST) 25 Jul 2023 GIFT Nifty dips 18 pts

The GIFT Nifty futures traded 18 points or 0.09% lower at 19,720 in early morning trade.

08:31 (IST) 25 Jul 2023 Stocks To Watch: Tata Steel, Reliance Industries, TVS Motor, Maruti Suzuki, SpiceJet, IIFL Securities

The GIFT Nifty futures traded 18 points or 0.09% lower at 19,720 in early morning trade. “As expectations are getting reset in sync with the first quarter earnings that are underway, we witnessed profit booking post earnings and news flows today in heavyweights as well as financials. Investors need to be mindful of cuts in stock prices if eventual outcomes on earnings fail to match up with expectations. The PSE Index however exhibited keen interest from participants as several of its constituents rose on the back of likely inclusion in the MSCI as well as new clean energy orders,” said S Ranganathan, Head of Research at LKP securities.